Velvet is a de novo assembler intended for next generation reads.
By default any short reads with N's are removed from the analysis.
If the ends of reads have low quality then they are trimmed before being assembled.
Velvet treats long reads and short reads differently. This defines at which length a read is judged to be a long read.
Before being assembled by Velvethg, Velveth is used to process the reads.
This is the "word" length that will be used to build the de Brujinn graph in the second step of assembly by VelvetG. This must be an odd number and must be less than the length of the reads.
This is used for paired reads (ignored otherwise) and is the length of the insert, INCLUDING reads, that was sequenced. It can be automatically determined by VELVETG if the reads are of a consistent lengths so Auto is the best default option I think.
Below a certain coverage reads are not assembled into contigs and are ignored. This can also be automatically determined.
This is the expected average coverage. If it is consistent over the entire assembly AUTO can be used.
This is to reduce noise from many small contigs in the results. It does not affect the statistics but filters out contigs below a certain size. For example with the default value only contigs of 500bp or longer are shown.
This is the highest coverage expected. This should help with repeats as the algorithm will know that peaks with coverage over this limit are likely repeats.
By default Velvet will insert a series of N's between each read in a pair where the sequence of the insert between the pair is unknown although the insert is of a known length.
Minimum number of paired end connections to justify the scaffolding of two long contigs.
Maximum number of gaps allowed in the alignment of the two branches of a bubble.
Minimum number of long reads required to merge contigs.
Maximum length in base pairs of a bubble produced by mismatches in a contig.
Maximum divergence rate between two branches in a bubble.
For more details on using Velvet see the Velvet technical page